Wall Street - Page 7

Snap IPO Warning: Ex-Employee Says Books Are Cooked

Snapchat’s social media parent, Snap, Inc., seemed headed for a $5 billion IPO until a former employee alleged in a conveniently timed lawsuit that the company misrepresented its financial position and pressured him for proprietary secrets about his former employer, Facebook.

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Steve Bannon on Wall Street Reform: ‘It’s Not That Money Controls Washington. Washington Controls the Money’

Stephen K. Bannon (or, for those who want to maximize their SEO, Steve Bannon) — president-elect Donald Trump’s pick for White House chief strategist — made his pet issues known long before joining Trump’s insurgent presidential campaign. Now, Americans can reflect on what issues Bannon may take on within a Trump White House — and it does not look good for the culture of corruption in Washington, DC.

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‘Trump Rally’ Continues as Dow Jones Hits Record High

“U.S. stocks opened higher on Monday, with the Dow Jones Industrial average hitting a record high, as Donald Trump’s unexpected victory in the U.S. presidential election continued to lift the market,” Reuters reported on Monday morning. The Dow opened at 18,914.78.

The Associated Press

IBT: Hillary Clinton Could Turn Taxpayer Funds into Revenue Stream for Her Wall Street Donors

David Sirota writes in the International Business Times that a Wall Street executive who could be Hillary Clinton’s choice for Treasury Secretary has a plan to give the financial industry control over billions in taxpayer funds for retirement savings. This plan, Sirota notes, would “enrich” the Wall Street hedge fund and private equity industries “that have donated millions to support Clinton’s presidential bid.”

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The Emerging Trumpian Majority

Something big is happening in American politics—bigger than this election. And so even if we can’t precisely predict the winner this November, we can know the general contours of American politics in the decades to come: populists on one side, elitists on the other.

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RNC 2016: Wall Street a No Show

Major banking and Wall Street entities will not be attending the Republican National Convention (RNC), according to a report just one day after Bernie Sanders endorsed Hillary Clinton — who gave high-priced speeches to Goldman Sachs and will not release the content of those addresses.

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